surgcare

Merrill CDO Deal: How Can It Book a 'Sale'?

I'm not an accountant ,but the point of all this "jibberish" is clear enough . ML pulled a fast one on investors .Never the less how do you value these financials going forward when they can no longer perform these exotic financials products to bring in "gobs" of money . They'll have to make money the old fashion way , earn it . their profits should be considerably less therefore how can you know until these banks finally make money (which could be 2 yrs) is worth . You have be have "brain damage " to buy stock in any of these financials .